In an era when technology works to erode basic human interactions, offering your undivided attention can go a long way in the service game…
As business owners, we constantly struggle to reach the Work/Life balance we desire in our Personal Visions. It is important to plan your freedom from business activities relative to the current level of operational stability within your company. Learn to recognize the symptoms (monitor KPIs) to know when and if it is necessary to for you to invest more time in work. But make certain you put a target date in place to get back to realizing the Personal Vision balance you want and have earned…
When clients are weighing the benefits of moving an application to the cloud, we caution them that cloud computing may be like the "Hotel California" – you can check in, but you can never leave. Moving data out of the cloud is difficult and expensive. There are many benefits to be gained by using cloud-based applications, but some pitfalls exist also, which may include losing control of your data or slow connection speeds. Serious discussions should be held with your IT consultant to make sure you understand the complexity of long-term cloud usage and how it may impact your business.
When selling a business, it is common for the owner to wonder if the offer on the table represents the best offer. The solution? Have two offers to compare (more if possible). This is the same approach any business owner would take when soliciting competitive bids from suppliers and vendors. Do you have a system in place to quickly seek competitive offers? The principle of "always running your business like it is for sale" includes being prepared to initiate a price check with short notice.
It is a good policy for shareholders to meet annually. One of the meeting agenda items should be to update and revise shareholder agreements when circumstances within the organization change. This can avoid later confrontations, which can be time-consuming, as well as emotionally and financially draining.
If you want to know what’s going on with your competitors online, I recommend Keyword Spy (www.keywordspy.com). The service starts at $89/month, but you can take advantage of the free trial to get a general overview including what keywords competitors are using. This information can help you plan your Internet marketing strategy.
Alan Wallach TAB Facilitator USA 414-961-1447 Email
Read Bio See All